Banning Russian natural gas imports is “currently impossible” for Austria, the country’s energy minister, Leonore Gewessler, told the press over the weekend. “Austria is 80% dependent on Russian gas. As painful as it is, a gas embargo is currently not possible for us, just as it is for some other …
Read More »Outcome of Russian energy embargo for Germans predicted
Consumer prices in Germany will see a 7-8% increase in 2022, Karl von Rohr, the vice president of Deutsche Bank, told the Frankfurter Allgemeine newspaper. However, if the government restricts Russian energy imports, prices could spike 10% or more in the coming months. “If energy imports are more limited, we …
Read More »EU readying Russian oil embargo – media
The European Union is readying a total embargo on Russian oil imports, the New York Times reported on Thursday. Given that Russia is the bloc’s largest oil supplier and such a decision would have a political and economic fallout. That’s why EU officials are waiting until after the upcoming French …
Read More »BLM declares solidarity with people of Cuba in attack on ‘cruel & inhumane’ US embargo
BLM “condemns the US federal government’s inhumane treatment of Cubans, and urges it to immediately lift the economic embargo,” the organization said in a statement posted to social media on Wednesday, echoing calls from NGOs, the UN, and other countries to end the trade blockade that has kept the country …
Read More »Cuba’s vaccine development success should be the impetus to lift sanctions and end the embargo
Cuban officials announced on Monday that its homegrown, three-shot Abdala vaccine has proven to be 92.28% effective in its final stage of clinical trials. The announcement follows similar news over the weekend, when another Cuban-developed vaccine candidate, Soberana 2, was announced to be 62% effective with just two of its …
Read More »World’s biggest vaccine producer blames Biden’s embargo on crucial raw materials for crippling production of Covid-19 jabs
In a tweet tagging Biden’s official Twitter handle on Friday, SII Chief Executive Adar Poonawalla said, “If we are to truly unite in beating this virus, on behalf of the vaccine industry outside the US, I humbly request you to lift the embargo of raw material exports out of the …
Read More »EU split on Greece’s calls for arms embargo on Turkey. Apparently principles aren’t so important when there are PROFITS to lose
One idea being put forward by Greece is for the 27-member bloc to impose an arms embargo on Turkey. However, as EU leaders gather for a summit this week, foreign affairs commissioner Joseph Borrell is playing down such a move for collective sanctions against Ankara. Greece has censured Germany – …
Read More »Iran claims victory over US as UN arms embargo expires
“As of today, all restrictions on the transfer of arms, related activities and financial services to and from The Islamic Republic of Iran, and all prohibitions regarding the entry or transit through territories of the United Nations Member States previously imposed on a number of Iranian citizens and military officials, …
Read More »The NBU said about the influence of the new Russian embargo
The head of the NBU denies the significant impact of new Russian sanctions on exchange rate and inflation. The national Bank expects no significant impact on the hryvnia exchange rate of the Russian Federation introduced restrictions on exports to Ukraine a number of products, said the head of the Central …
Read More »The U.S. government impose an embargo for oil from Iran
Americans are ready to impose sanctions against international companies, if they will Finance the current regime in Tehran.The U.S. government will require all foreign consumers of crude oil to stop the import of these products from Iran since 4 November this year to ensure the economic pressure on Tehran. This …
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